Which returned more over the last year, JAAA or PFF?

In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and PFF −4.2%.

Which is cheaper, JAAA or PFF?

JAAA is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

JAAA vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, JAAA returned +4.7% to PFF's −4.2%, and JAAA charges 0.20% to PFF's 0.45%.

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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $11.8bn on Oct 27, 2026 for iShares Preferred and Income Securities ETF.

JAAA on its own →PFF on its own →

At a glance

+4.7%

JAAA total return, 1 year

−4.2%

PFF total return, 1 year

0.20%

JAAA expense ratio

0.45%

PFF expense ratio

Pair scorecard

JAAA costs 0.25 points a year less; their one-year returns differ by 8.9 points; JAAA is 2.8 times larger.

JAAA vs PFF: Differences, Returns & Fees
Measure	JAAA	PFF
Return
Measure	JAAA	PFF
Total return, 1 year	+4.7%	−4.2%
Drawdown
Measure	JAAA	PFF
Below its high		7.1%, high on May 8, 2026
Benchmark
Measure	JAAA	PFF
What it tracks	No index, actively managed	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	JAAA	PFF
Expense ratio	0.20%	0.45%
Net assets, as of Oct 27, 2026	$32.5bn	$11.8bn
Holdings
Measure	JAAA	PFF
Holdings in common	0%
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		22.7%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

What they share

By the books each fund has filed, JAAA and PFF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JAAA PFF

Only in one fund ↓

Only in JAAA

KKR CLO 35 Ltd., Series 35A, Class AR, due Jan 20, 2038 0.85%

AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R2, due Oct 15, 2038 0.78%

Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R2, due Jan 19, 2038 0.73%

Palmer Square CLO Ltd., Series 2018-2A, Class A1R2, due Apr 16, 2037 0.68%

Ares LXI CLO Ltd., Series 2021-61A, Class A1R2, due Apr 20, 2037 0.68%

Carlyle US CLO Ltd., Series 2021-8A, Class A1R, due Oct 15, 2038 0.62%

WISE CLO Ltd., Series 2024-1A, Class AR, due Apr 15, 2037 0.62%

Magnetite XXXII Ltd., Series 2022-32A, Class AR, due Oct 15, 2037 0.60%

Only in PFF

BOEING COMPANY (THE) 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD 3.93%

STRATEGY INC VARIABLE RATE SERIES A PERPETUAL STRETCH PREFERRED STOCK 2.95%

WELLS FARGO & COMPANY 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED STOCK, SERIES L 2.33%

ORACLE CORP DEPOSITARY SHARES EACH REPRESENTING A 1/2,000TH INTEREST IN A SHARE OF 6.50% SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK 2.28%

HEWLETT PACKARD ENTERPRISE COMPANY 7.625% SERIES C MANDATORY CONVERTIBLE PREFERRED STOCK 1.76%

BANK OF AMERICA CORP 7.25% NON-CUMULATIVE PERPETUAL CONVERTIBLE PREFERRED STOCK SERIES L 1.45%

CITIGROUP CAPITAL XIII FIXED/FLOAT TRUST PREFERRED SECURITIES 1.31%

ALBEMARLE CORP DEPOSITARY SHARES EACH REPRESENTING A 1/20TH INTEREST IN A SHARE OF 7.25% SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK 1.29%

Check overlap with more funds →

Side by side

JAAA Janus Henderson AAA CLO ETF PFF iShares Preferred and Income Securities ETF

Where it sits Bond ETF Bond ETF

Issuer Janus Henderson iShares

What it is Actively managed Tracks an index of Preferred and Income Securities

Total return, 1 year +4.7% −4.2%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured −17.8 pts vs MLRG

Expense ratio 0.20% 0.45%

Holdings 598 453

Net assets, JAAA as of Oct 28, 2026 and PFF as of Oct 27, 2026 $32.5bn $11.8bn

JAAA and PFF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

PFF

PFF tracks an index of Preferred and Income Securities. Over the year to Oct 28, 2026 it returned −4.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.45% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 453 positions, with the top ten at 22.7%. It sat 7.1% below its high of May 8, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, JAAA or PFF?: In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and PFF −4.2%.
Which is cheaper, JAAA or PFF?: JAAA is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

JAAA vs SPSB JAAA vs VGLT JAAA vs PAAA JAAA vs VCLT PFF vs PFFD PFF vs PREF PFF vs SHY PFF vs USHY

Where to next

JAAA on its own →PFF on its own →Hold both: look the portfolio through →Rankings →JAAA dividend history →JAAA holdings →PFF dividend history →PFF holdings →Standards and sources →

Sources and dates

JAAA filings on SEC EDGAR ↗

JAAA prospectus with the expense ratio (SEC) ↗

Janus Henderson page for JAAA ↗

PFF filings on SEC EDGAR ↗

PFF prospectus with the expense ratio (SEC) ↗

iShares page for PFF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, JAAA against PFF, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-pff

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.